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5.4¢ byron energy limited

Ann: Quarterly Activities and Cashflow Report, page-31

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hombre cara

29,524 Posts.

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31/10/21

17:35

Post #: 57213613
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Originally posted by stumpytrunks: ↑

I really, really don't understand your angle.

We all know what they have disclosed and what they haven't. It's probably more than most companies would at a point prior to expenses being fully finalised. What matters is if they can afford to pay it, and they have made statements around this. It's easy to do the rough maths based on industry norms.

It is an absolute success. Yes, there is always risk, , but at this stage there is no reason to doubt a continued flow.

They are in a position to execute their planned forward program. That's all they need to do. You're making issues out of nothing. Good that you can also see that they will pay for the current well from circa 60 days of current cashflow. Funnily enough, that means they could drill straight away with the right supplier terms, given they are netting circa $10m per quarter now. This mob are good financial managers. I'm yet to see a company destroying cap raise.... instead I see great supplier relationships and management with skin in the game.

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..and highly respected by peers....MEL for one....doubt they would sell their private BYEs ......

Last edited by hombre cara: 31/10/21

BYE Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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